12 METRE YACHT DEVELOPMENT FOUNDATION (EIN 066409216) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Patrick Sikorski

Phone

2036561182

Tax Period

2024-01-01 to 2024-12-31

12 METRE YACHT DEVELOPMENT FOUNDATION, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $238K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 28% operating margin.

Mission

ESTABLISHED FOR THE ACQUISITION, RESTORATION AND PRESERVATION OF HISTORIC AMERICA'S CUP 12 METRE YACHT AND THEIR RACING HERITAGE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $238,276

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $238,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $21,625

Program Expenses $87,582

Other Expenses $172,344

TOTAL EXPENSES $172,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,276	$836,995	-0.7%
Expenses	$172,344	$186,146	-0.1%
Net Income	$65,932	$650,849	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SIKORSKI	EXECUTIVE DIRECTOR TRUSTEE	60.0	Director	$0	$0	$0
SCOTT MACLEOD	TRUSTEE	2.0	Director	$0	$0	$0
HERB MARSHALL	TRUSTEE	2.0	Director	$0	$0	$0
JEFF NIXON	TRUSTEE	2.0	Director	$0	$0	$0
BOB LABANKA	TRUSTEE	2.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$238,276	$172,344	$656,716	$65,932
2023	$836,995	$186,146	$650,866	$650,849
2022	$65,500	$153,017	$251,507	$-87,517
2022	$215,500	$153,017	$401,507	$62,483
2021	$60,431	$76,226	$468,812	$-15,795
2020	$76,639	$72,655	$457,324	$3,984
2019	$197,039	$180,193	$469,352	$16,846
2018	$106,276	$106,827	$454,344	$-551

12 METRE YACHT DEVELOPMENT FOUNDATION